Sherborn, MA

Home inspectors working in Sherborn MA are required to perform a home inspection to the Massachusetts Home Inspector Standards of Practice. A copy of the standard will be provided to the client by the home inspector.

The MA Home Inspector Standards of Practice is written for the professional home inspector. United Inspection Service has created some easy to read Consumer Information Sheets illustrating what is included and excluded in a Standard MA home inspection. Clear client communications (3c) are one of our core values. See the easy to read one page consumer information sheets for each of the systems in a MA Home Inspection.

Visit the Sherborn MA Home Inspection web page from United Inspection Service for some useful information about homes in Sherborn MA and Massachusetts Home Inspections.

• Massachusetts Home Inspector Standards of Practice
• Home Inspection Photographs
• Recommended Questions to Ask the Seller / Seller's Representative
• Flood Zones
• Lead Paint
• Hazardous Waste Release
• Check the Sherborn MA Home Inspector web page for consumer information links ...

As of March 31, 2009, there were 41 single family listings in Sherborn on the Multiple Listing Service (MLSPin). During March, 10 new single family listings were added to our MLSPin and an additional 2 single family homes were relisted for sale on the MLS, with an average list price of $624,159. Inventory levels are building and supply is now far exceeding demand - especially in the higher end of the Sherborn market. Now may be a great time to buy, but if owners don't need to sell, they would be well advised to either hold off for a while or price their homes to sell today, because there will be even more homes competing with overpriced listings tomorrow.

Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 20.5 months. That is to say, based on the volume of sales during the past month, it will take 20.5 months to sell all of the single family homes currently in inventory and sitting on the Sherborn market.

The average list price for a single family home is $963,611. The lowest price is $199,000 and the highest price is $4,000,000, with the largest concentration of homes (53.7%) priced in the $500,000 to $999,999 price range. Of note, the average list price for a single family home in March 2008 was $1,078,257.

The median price is $799,000 and the average days on market are 250 days. This compares to a median list price of $843,500 and average days on market of 202 days as of March 31, 2008.

There were 2 properties that went under agreement during the month of March (March 2008- 5 properties). 2 single family homes sold during the month, with the average and median sales price being $837,000, with the average days on market being 257 days. Compare this to 0 properties sold during March 2008.

During March 2009:

18 properties experienced price changes averaging -5.18%

Sales price to original price was 97%

Sales price to (last) adjusted price was 97%

2 property listings expired with an average days on market of 194 days

Is now the right time to sell your home? Contact WEICHERT, REALTORS®-Synergy for a complimentary Price Trend Analysis that you can use to evaluate your options.

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As of February 28, 2009, there were 33 single family listings in Sherborn on the Multiple Listing Service (MLSPin). Inventory levels are growing and there is little movement in the market in Sherborn. As the spring months arrive, activity levels should increase, however right now, the buyer is firmly in the driver's seat. During February, 1 new single family listing was added to our MLSPin and an additional 2 single family homes were relisted for sale on the MLS, with an average list price of $1,376,467.

I normally try to calculate a market absorption rate for all the towns that WEICHERT, REALTORS®-Synergy services and reports upon. However, this information is not meaningful at this moment in time for Sherborn, because there is very little movement in the sale of single family homes at present. To say that it is currently a buyers' market in Sherborn is an understatement.

The average list price for a single family home is $1,066,908. The lowest price is $199,888 and the highest price is $4,000,000, with the largest concentration of homes (39.4%) priced in the $700,000 to $999,999 price range. Of note, the average list price for a single family home in February 2008 was $1,193,587.

The median price is $852,000 and the average days on market are 288 days. This compares to a median list price of $898,000 and average days on market of 246 days as of February 29, 2008.

There were 2 properties that went under agreement during the month of February (February 2008- 2 properties). No single family homes sold during the month, nor were there any sales in the comparable period in 2008.

During February 2009:

12 properties experienced price changes averaging -4.07%

Sales price to original price was N/A

Sales price to (last) adjusted price was N/A

0 property listings expired

As of January 31, 2009, there were 35 single family listings in Sherborn on the Multiple Listing Service (MLSPin). It is very difficult to interpret the market statistics for Sherborn at this early point in the year. Although it is encouraging to see some of the older inventory finally selling, it is also misleading to look at average sales price to original sales price because the majority of these listings have been renewed or have expired at least once and the MLSPin data does not capture the original list price, but rather the price that the home was listed for during the time that the listing has been active with the current listing broker. Although Sherborn is a very desirable community to live in, it is evident from the numbers that buyers are looking elsewhere for the moment. Spring and summer will definitely bring more buyers to the local marketplace, but sellers have to be more realistic in terms of pricing and in view of competing communities that have public services such as water, sewage and transit (commuter rail). During January, 2 new single family listings were added to our MLSPin and an additional 5 single family homes were relisted for sale on the MLS, with an average list price of $1,000,543.

Based on the number of active single family listings versus the number of sales during the month, there is a market absorption rate of 1,050 days. That is to say, based on the volume of sales during the past month, it will take an estimated 2.92 years to sell all of the single family homes currently in inventory and sitting on the Sherborn market. These market absorption rates, of course, are skewed because of the low volume of home sales and properties put under agreement during the winter months, however one should not stray too far from watching market absorption because it is a very good indicator of future economic trends in real estate.

The average list price for a single family home is $1,069,913. The lowest price is $199,888 and the highest price is $4,000,000, with the largest concentration of homes (45.7%) priced in the $700,000 to $999,999 price range. Of note, the average list price for a single family home in January 2008 was $1,304,039.

The median price is $825,000 and the average days on market are 291 days. This compares to a median list price of $898,000 and average days on market of 265 days as of January 31, 2008.

There was 1 property that went under agreement during the month of January (January 2008- 0 properties). Only 1 single family home sold during January for $400,000 with the days on market being 239 days. Compare this to 1 property sold during January 2008, with an average and median sales price of $955,000, and the average number of days on market being 84 days.

During January 2009:

9 properties experienced price changes averaging -4.25%

Sales price to original price was 81%

Sales price to (last) adjusted price was 89%

0 property listings expired